Best Factoring Companies
Low startup fees, short-term contracts, no minimum fees and selective invoicing.
They have a reputation for handling clients in a friendly and professional manner.
Company executives are experienced and engaged in industry affiliations.
Factoring Company Profiles
Mazon Associates is a factoring company in the Dallas / Fort Worth area that is one of the oldest factoring companies in the nation. Since 1976, Mazon has delivered professional invoice factoring services to over one thousand clients. They have a reputation for handling clients in a friendly and professional manner. Mazon is an industry leader in oil and gas factoring, as well as manufacturing, staffing and business services. You don't have to pay a startup fee and you can cancel your contract within 30 days for any reason.
Flash Funding is a family-owned factoring company in Houston that helps small to medium-size companies throughout the United States. Flash Funding is led by experienced professionals that are committed to giving you quick, simple and reliable invoice financing. They serve many industries including transportation, oil & gas, manufacturing, and staffing. They cut through all the red tape to get you funded, with no startup fees. You can cancel at anytime and you don't have to pay minimums.
Capital Funding Solutions (CFS) is a factoring company in the Greater Miami Area that provides quick, professional service with integrity. CFS can put together a custom financial package that fits your precise business needs. They offer PO financing, supplier guarantees and asset-based lending, in addition to normal invoice financing. You don't pay any startup fees or minimums and you can cancel for any reason without paying cancellation fees.
FSW Funding is a Phoenix factoring company that's been delivering superior customer service since 2001. FSW Funding provides flexible and affordable factoring services to startups, growing businesses, as well as credit-challenged companies. You'll receive experienced and personal one-on-one attention from their professional staff. Their application process is quick and simple, with a minimal startup fee. You can factor when you want, with no minimums, and you can cancel at anytime without penalty.
DSA Factors is a family-owned factoring company in Chicago that serves a wide range of industries, including apparel, transportation, manufacturing and distribution. DSA Factors has more than 25 years experience providing non-recourse invoice financing to smaller businesses, as well as Fortune 500 companies. You work directly with principals of the company. Their application process is quick and simple, with a minimal startup fee. You don't have to pay minimums and you can cancel at anytime without penalty.
New Century Financial is a factoring company in The Woodlands, Texas that was founded in 1985. New Century has grown over the years into an innovative invoice financing company serving businesses all across the U.S. They have a simple application process to get you started quickly, with no startup fees. You'll get a specially-tailored invoice factoring program and streamlined funding process to fit your particular business. You don't have to pay minimums, and you can cancel at anytime without penalty.
Finding the best factoring company
Begin your search with those factoring companies that serve your industry. All our award-winning companies serve general business and manufacturing sectors. Some industries require special expertise due the unique challenges and risk imposed. These niche industries are construction, government, healthcare and trucking.
Factoring companies offer rates as low as 1% for large businesses that generate millions of dollars in revenue each month. Smaller businesses can expect to pay much more in factoring fees. Rates vary from 2 to 5%, depending on monthly revenue, customer quality and invoice volume. Our award-winning companies offer competitive rates.
Factoring companies don’t advance the full amount of your invoices. They hold a reserve as an allowance for bad debts and unexpected short-falls. Advance rates are typically 75 to 90%, depending on your industry and business risk. You’ll find all our award-winning factoring companies advance at least 80% of your invoices.
Contract terms vary from one factoring company to another. Some factoring companies require you sign a contract for a year or more. A 12 month contract with annual renewals and a 60-day notice of cancellation can keep you locked into your contract unless you pay a hefty cancellation fee. You’ll find all of our award-winning factoring companies offer no-term or short-term contracts.
Some factoring companies require you factor all your invoices or require you factor a minimum amount every month. They charge you a fee if you don’t factor the minimum volume. You’ll find our award-winning factoring companies don’t charge minimum fees and let you select which customers that you want to factor.
Good factoring companies offer friendly professional service. Sales people are transparent and respectful. Account staff are helpful and responsive to your needs. You may be assigned a personal, designated account manager to handle any issues or questions you have with your invoices and customers. Our award-winning companies have solid reputations in the industry for providing good service.
Invoice factoring is a great way to finance your small business’s operating needs. You want to get paid quickly and reliably, so it’s critical you find the right factoring company. You want a business partner that understands your needs and keeps your cash flow running smoothly. Our award-winning factoring companies provide top-notch factoring services, so that your business can operate and grow successfully.
We are factoring experts
FactoringClub is the premier online resource for factoring companies. Our mission is to help you find the right factoring company for your business. Every year, we award our top factoring company sponsors based on contract terms, customer service and company leadership. FactoringClub has referral agreements with all our sponsors, so that we can provide our services to you for free. If you need help finding your factoring company, give us a call at 866-748-7111.